Managing Year-End Payroll & 1099 Reporting for 2024
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Submitted by Smith Schafer
As year-end approaches, it is time to focus on wrapping up 2024 and gearing up for the new payroll year. There are certain payroll requirements you must complete. Use our end-of-year payroll guide to complete all your payroll and 1099 tasks on time and set your business up for a successful new year.
What the guide covers:
- 1099 Reporting
- Form W-2 Reporting
- Employer Social Security Numbers
- Minnesota Revenue
- Cafeteria Plan
- Dependent Care
- Health Insurance Premiums
- ACA Reporting
- Health Savings Account
- Federal Unemployment Tax (FUTA)
- FICA Tax
Year-End Payroll Checklist
Below is a simple guide that walks you through your year-end payroll responsibilities.
We have broken down the year-end payroll process into nine easy steps. This way, you can close out your payroll and ensure that you file all the proper tax forms on-time. Download the Year-End Payroll Checklist below so you can mark your progress.